Acquisition, rehabilitation and permanent loans.

Up to 15-year maturity, 30-year amortization.

1% of the loan amount.

The tax-exempt equivalent yield of the matched term treasury constant maturities (H-15) plus a margin to create a tax-exempt yield.

An interest rate lock is available for a maximum of 2 years at a cost of 0.25% of the approved loan amount.

First Deed of Trust.

The lower of 80% maximum of appraised value or allowable debt service with reasonable expenses which include acceptable amounts included for reserve for replacement and management expense.

A minimum of 1.20:1 on WCRA debt. At funding, debt service is based on the current rents and income annualized and the appraiser's vacancy/credit loss and expenses. All appraisals must be dated less than 12 months prior to the closing.

FNMA guidelines; 1% thereafter.

$2 million, no minimum.